Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Play ‘N Learn Center, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance.
De Minimis Rate Used: N
Rate Explanation: Play ‘N Learn Center, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Play ‘N Learn Center, Inc. under programs of the federal government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Play ‘N Learn Center, Inc., it is not intended to and does not present the financial statements of Play ‘N Learn Center, Inc.
Title: Passed Through Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Play ‘N Learn Center, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance.
De Minimis Rate Used: N
Rate Explanation: Play ‘N Learn Center, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance
No amounts were passed through to subrecipients.
Title: Reconciliation from Grant Revenue to Statement of Activities
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Play ‘N Learn Center, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance.
De Minimis Rate Used: N
Rate Explanation: Play ‘N Learn Center, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance
Federal expenditures $ 2,964,900
State expenditures 283,771
Local grant 123,582
Grant Revenue per Statements of Activity $ 3,372,253